Equity Residential $EQR Holdings Raised by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its stake in Equity Residential (NYSE:EQR) by 23.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 224,705 shares of the real estate investment trust’s stock after buying an additional 42,978 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Equity Residential were worth $15,264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQR. Fulcrum Asset Management LLP acquired a new position in Equity Residential during the 3rd quarter valued at about $27,000. Zions Bancorporation National Association UT boosted its holdings in shares of Equity Residential by 375.2% in the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 379 shares in the last quarter. DV Equities LLC bought a new position in shares of Equity Residential in the fourth quarter valued at approximately $30,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Equity Residential during the third quarter valued at approximately $31,000. Finally, Leonteq Securities AG increased its stake in shares of Equity Residential by 48.8% during the first quarter. Leonteq Securities AG now owns 549 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 180 shares during the period. Institutional investors own 92.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on EQR. Jefferies Financial Group upgraded Equity Residential to a “hold” rating in a research report on Wednesday, July 22nd. UBS Group lifted their price target on Equity Residential from $71.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. The Goldman Sachs Group dropped their price objective on Equity Residential from $71.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Royal Bank Of Canada lowered Equity Residential from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $69.00 to $70.00 in a report on Monday, June 8th. Finally, Wells Fargo & Company raised their target price on Equity Residential from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, Equity Residential has a consensus rating of “Hold” and a consensus target price of $71.40.

Equity Residential Trading Up 2.4%

Shares of NYSE EQR opened at $65.96 on Friday. Equity Residential has a 12 month low of $57.57 and a 12 month high of $71.50. The company has a market cap of $24.73 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 5.12 and a beta of 0.73. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $67.50 and a 200-day simple moving average of $64.49.

Equity Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 29th were issued a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, June 29th. Equity Residential’s payout ratio is presently 122.17%.

About Equity Residential

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.